Emera Inc (TSE:EMA) has been assigned a C$51.50 target price by Raymond James Financial, Inc. in a report issued on Monday. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 11.69% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. CIBC raised their target price on shares of Emera from C$53.00 to C$54.00 in a research note on Thursday. Desjardins reaffirmed a “buy” rating and issued a C$50.00 target price on shares of Emera in a research note on Thursday, November 24th. TD Securities decreased their price target on shares of Emera from C$55.00 to C$53.00 and set a “buy” rating on the stock in a research note on Monday, December 19th. Royal Bank Of Canada reissued an “outperform” rating and set a C$62.00 price target (up from C$60.00) on shares of Emera in a research note on Tuesday, November 8th. Finally, Barclays PLC decreased their price target on shares of Emera from C$52.00 to C$51.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$53.95.
Shares of Emera (TSE:EMA) traded down 1.04% during mid-day trading on Monday, hitting $45.63. 422,843 shares of the company traded hands. Emera has a one year low of $43.76 and a one year high of $50.19. The firm has a 50-day moving average of $45.56 and a 200-day moving average of $46.39. The stock has a market capitalization of $9.19 billion and a price-to-earnings ratio of 20.67.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Wednesday, February 15th will be paid a $0.5225 dividend. This represents a $2.09 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, January 30th.
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Emera Incorporated is an energy and services company that invests in electricity generation, transmission and distribution, as well as gas transmission and utility services. The Company operates through six segments: NSPI; Emera Maine; Emera Caribbean, which includes Emera (Caribbean) Incorporated and its subsidiaries, which includes The Barbados Light & Power Company Limited, Dominica Electricity Services Ltd., Grand Bahama Power Company Limited, Emera Utility Services (Bahamas) Limited and an equity investment in St.
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